According to a company statement, the four-month-long accelerator programme is the first privately structured accelerator in East India.
The advisory board consists of Joydeep Bose (ex Cisco India head, investments); Padmaja Ruparel (President IAN); Sanjaya Anandaram (co-founder Seed fund) and Dipankar Chaterji.
The funding comes from angels who have subscribed to the accelerator. The funding amount would typically be between $37K – $75K (INR 20-INR 50 Lacs) from Neoleap angels.
The accelerator has already selected three startups for its first batch. They will graduate in December 2016.
The startups from the first cohort are –